LOS ANGELES (Nov. 18, 2013)
Filed under: Car Buying , Acura , Chevrolet , Honda , Hyundai , Lexus , Lincoln , Mercedes-Benz , Nissan , Scion , Subaru , Toyota Drive a new car off the lot and, boom, it’s used and not worth nearly what you own on it. But to help buyers counter this to the best of their abilities, ALG has released its 14th annual list of best bets for retained value. Toyota stands out from the crowd with nine total awards on the list, including its Scion and Lexus brands. But Honda took the top spot among mainstream brands with Hyundai second and Scion third. Subaru is fourth and Mazda fifth. In the premium brand rankings, Acura is ranked Number One, while Infiniti and Audi bring up second and third. In fourth place is Lexus and in fifth, Mercedes-Benz . Chevrolet is listed as number fifteen – last place on the mainstream list, while Lincoln is at the bottom of premium brands in tenth position. “Hyundai’s ascent as a brand is nothing short of impressive,” said Larry Dominique, president of ALG in a press release. “Since 2007, when the brand ranked in the bottom quartile for residual value, Hyundai has delivered well-executed product, and has kept incentives and fleet – two elements that can quickly damage residual value – in check.
Filed under: Government/Legal , Crossover , Cadillac , Chrysler , Ford , GM , Honda , Toyota , Earnings/Financials , Luxury Detroit must be good SEO for CNN, as it continues to point to the Motor City and tell carmakers everything they’re doing wrong. I imagine most manufacturing companies enjoy getting advice from the media. We’re so good at it. For the most part, the ideas just rehash things you probably already knew. Carmakers certainly do. Who doesn’t want higher residual values? Who doesn’t want to build and sell more luxury vehicles? Family sedans? But what I find more upsetting are some idiotic statements, such as comparing the percentage of crossovers built by one company that doesn’t have a full-size truck to one that does. It makes for some neat numbers, but unfairly so.